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Search Results 0 to 10 of about 11 (some duplicates have been removed)
and the democrats. how they essentially tried to bring the federal government's financial house to some kind of order. the answer is they failed. we have a federal government whose financial house is in total disorder, total disarray. it is a historic problem. to try to put it in english, we have a trillion dollars of iou outstanding in the world. the negotiations, they agreed to raise what they call the debt ceiling, so the government can borrow a couple more trillion dollars. we are going to run it run out of that borrowing authority january or february of next year. they're going to have to go back and authorized congress for more trillions of dollars of borrowing. the republicans and lots of people in congress don't want to authorize that. so there is going to be a bloody negotiation, unless they can work a deal. in a sense, this is a book about the past, but it's about the present. it is about where we are going and what the country's future is. if you think about it i would argue that the inability of the government to fix this borrowing debt deficit issue in the book, vice president b
about a stimulus and hiring more government workers and having the government making investments. of course, he talks about raising taxes. they plan to raise taxes on the american people and that will kill jobs. we want to create jobs and not kill jobs in this country. [applause] we also heard this plan are raising taxes and cutting medicare. in fact, there has been a study released this week. the people look at his spending plans and all of the debt they create and interest that its charge. he will raise taxes on the middle class as well by some $4,000 per family. the american people do not want more taxes. they want less spending and more growth. we will do that and get america back on a balanced budget. [applause] i do not want to raise taxes on any one. this president seems to think that keeping our taxes the same as they are now is a huge tax cut. only in washington would do thing keeping taxes as they are is a huge tax cut. hot i will find a way to bring our taxes down -- i will find a way to bring down our taxes. we will give the middle class a tax break. [cheers and appla
government denies declarations of torture and arbitrary arrests in gaza. that's time where we bring you the business news now. aaron is here for that. some interesting figures worrying as we are used to hearing tesco going from strength-to-strength. >> we are talking about the largest chain in the u.k. out of every eight pounds one goes through a tesco till. that is because company today reported its first fall or drop in profits in nearly 20 years. the first half of this year $2.7 billion was made but down 11.5% from last year. why? we know tesco spent $1.5 billion in revamping. that's costly. but they are saying smaller supermarket chains are starting to eat into their market share and the big operations, big problems and tesco can no longer rely on overseas businesses to offset any shortages here. have a listen. >> what troubled me a little bit about these numbers was on how many fronts tesco is struggling, even overseas. some of the same problems in the u.k. seem to be appearing in central europe and asia. but tesco aren't doing quite as well. again, it has to do with a lot of expos
. this as the spanish government is apparently ready to ask for a full bailout, but is being told to wait by germany. angela merkel is reluctant to put more aid requests in front of her parliament, both sides have denied that story. but it does come just a day after meeting between the eu and sm spanish economics minister. julia is in madrid with her own thoughts on this. you heard jim says it's only a matter of time really, so we just have to work out when. >>> that's certainly what the markets expect. also the message is that it's really difficult for the germans to say, hey, these three separate times on greece, cypress and perhaps on spain particularly after they've just received the banking bailout. the biggest shift seem to be in perhaps the spanish sentiment in this article that they're ready to ask as early as this week. so critical to him. they have to think of a bailout and also the enhanced credit line. it doesn't really make a distinction between the two. but of course the budget that we got at the end of last week suggested that they were laying the foundations of course for aid and of
, a lot of government jobs added. but for some reason, i've always been told you need 200 to 250 to make a dent. 114 got a 300 basis point drop? it's crazy. and there's a reason -- you know what they're calling people that are saying this. they're calling help truthers. throwing them in with the birthers. >> i don't believe that there was conspiracy to make the jobs number -- >> i know that. and anyone that says that will be called a truther. so you don't say the government's lying. you can't say that. yet if you add in two months more government workers than at any it time since 1948 for the past two months, the government can do -- >> but that goes to his point the u-6 number is -- i don't know if it's more accurate. >> it's broader and takes in to account the part-time workers that don't want to be part-time. they want the full-time job. so it's a broader measure of giving us the breadth of the labor market and the health of it and that's why when i say the unchanged number, i sort of ignored the headline number and didn't think it was that big of a deal. >> normally we'd focus on the
government austerity cuts. pensioners clashed with riot police and burned an eu flag. german chancellor angela merkel is scheduled to arrive in athens at about 6:30 eastern time today for a six hour visit. police banned protests in most of central athens and 6,000 officers are trying to keep control. this is merkel's first stop will greece since the debt crisis kree resulted back in 2009. and carolyn roth will be joining us live. >>> and both president obama and mitt roy in will be in ohio today. voters in the swing state are getting their last chance to register for next month's election. the polls are now all over the map. pew has romney up four points, but gallup says the positive jobs report gave president obama a five point boost. among our guests, ken langone and donald trump. and focusing on issues of foreign policy and national security, we have senator john mccain. and by the way, if you went to sleep early last night, the texans beat the jets 23-17. this win brings the texans perfect record this season to 5-0. we will have more in squawk sports. first andrew has the morning's
officer give as firsthand account of what is happening inside the government. "homemade" yummy, scrumptious bars. hmm? i just wanted you to eat more fiber. chewy, oatie, gooeyness... and fraudulence. i'm in deep, babe. you certainly are. [ male announcer ] fiber one. i'm in deep, babe. you certainly are. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. side by side so you get the same coverage, often for less. that's one smart board. what else does it do, reverse gravity? [ laughs ] [ laughs ] [ whooshing ] tell me about it. why am i not going anywhere? you don't believe hard enough. a smarter way to shop around. now that's progressive. call or click today. [
to the ec. >> about the ecb gives back the cash, the german government pay backed ecb. >> will be law andered? >> it will be laundered money, exactly. >> simon, what do you think? >> or extend the maturities that is the other possibilities. >> i have heard that this -- they begged for that absolutely right, keep asking and the ecb keeps saying no. >> most people think in the end, the way it is going to happen is through the laundered system through the back door, through the central banks. >> what about spain, michelle some people were posing the question that the greece certain lives the story of the day today with the protests, with ms. merkel going to greece, but spain really is what we need to be focused more on. do you agree with that? >> much bigger, much bigger in size. greece, in the end, is the bigger pictures that we see on television, but when it comes to the actual amount of money, the european union could actually handle that cost. spain is much, much bigger. >> thank you, michelle. simon, over to you. >> also watching, as you will be aware, sue, apple, very closely today
. protesters are upset over the strict austerity measures the government has put in place in order to secure a bailout. the biggest contributor to the greek rescue fund is germany. on monday, merkel said she will remind greece of europe's expectations towards economic reforms. >>> markets in asia had a mixed day. tokyo's nikkei lost 1% while hong kong's hang seng gained half a percent. >>> earnings season gets under way on wall street today. forecasts show corporate earnings will be weak and that led to a down day for investors. the dow slipped 26 points while the nasdaq was down 23. >>> gas prices in california hit another all-time high on monday. the average price for a gallon of regular reached $4.67. analysts say the spike in prices is driven by disruptions at two refineries. drivers could see prices start to drop now that california's governor has ordered the early release of winter blend fuel. >>> general motors is planning to hire up to 10,000 new workers here in the u.s. gm will be looking for software programmers to develop applications and devices to put into its vehicles. the car
is here basically to talk to the greek government about what it's doing to try to reduce its debt, to pave the way for yet another set of international money, the next installment of $16 billion or so, which greece need to keep from going bankrupt, is due next month. merkel is in support for the measures that have taken place here, measures that have made a lot of people very angry. so quiet here so far. not quiet, but peaceful here so far, but it's going to be an eventful day. >>> time now to show you some of this morning it's headlines from around the globe. "the washington post" reports on a new poll showing 20% of americans have no religious affiliation. the pew research center says that number was just 8% in 1990. and for the first time, fewer than half of americans identify themselves as protestants. >>> north korea says it can hit the united states mainland with a missile. accoing to britain's "guardian." it's unclear if that claim is accurate. of course, highly doubtful. the announcement follows a missile deal between the u.s. and south korea. north korea claims that a conspiracy t
Search Results 0 to 10 of about 11 (some duplicates have been removed)